Result of AGM

RNS Number : 9364K

Anglo Asian Mining PLC

30 June 2014

 

Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining

30 June 2014

Anglo Asian Mining plc ('Anglo Asian' or 'the Company')

Result of AGM

Anglo Asian Mining plc, the AIM listed gold producer in Azerbaijan, is pleased to announce that all resolutions were duly passed at the Company's annual general meeting held earlier today.

**ENDS**

For further information please visit www.angloasianmining.com or contact:

Reza Vaziri	Anglo Asian Mining plc	Tel: [phone]
Sean Duffy	Anglo Asian Mining plc	Tel: [phone]
Ewan Leggat	SP Angel Corporate Finance LLP	Tel: [phone]
Laura Harrison	SP Angel Corporate Finance LLP	Tel: [phone]
Felicity Edwards	St Brides Media & Finance Ltd	Tel: [phone]
Lottie Brocklehurst	St Brides Media & Finance Ltd	Tel: [phone]

Notes

Anglo Asian Mining plc (AIM:AAZ) is a gold producer in Central Asia with a broad portfolio of production and exploration assets in Azerbaijan.  The Company has a 1,962 sq km prospective exploration portfolio, assembled from analysis of historic Soviet geological data and held under a Production Sharing Agreement ('PSA') based on the Azeri oil industry.  The Company developed Azerbaijan's first operating gold/copper mine, Gedabek, which commenced gold production in May 2009.  Gold production for the year ended 31 December 2013 from Gedabek totalled 52,068oz.  The Company is also developing a second mining operation within Azerbaijan, Gosha, which is 50km away from Gedabek.  Gosha is being advanced with a view to developing a high grade underground gold mine, which is expected to produce circa 15,000-20,000 ounces of gold per annum once in full production.  Due to the proximity of Gosha to Gedabek, gold ore produced at Gosha will be processed at Anglo Asian's Gedabek plant.  Anglo Asian's Company production target for FY 2014 stands at 62,000-67,000 ounces of gold.

Anglo Asian is actively looking to exploit its first mover advantage in Azerbaijan to identify additional projects, as well as looking for other properties in order to fulfil its expansion ambitions and become a mid-tier gold and base metal production company.

 

END

 

 

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